Vail v. Vail

7 Barb. 226
CourtNew York Supreme Court
DecidedNovember 3, 1849
StatusPublished
Cited by9 cases

This text of 7 Barb. 226 (Vail v. Vail) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Vail v. Vail, 7 Barb. 226 (N.Y. Super. Ct. 1849).

Opinion

Edmonds, J.

Although there is no express devise to the executors, in the will, yet I entertain no doubt that a trust is created by it.

1. As to the devise of $25,000 for the use of testator’s wife. The executors are to set it apart, and keep it invested for her use, and to pay her the interest durante viduitate, with a devise over in case of her death or marriage. In one event it is to go into and form part of the residuum. The legal estate in this sum must necessarily be vested in the executors, while the absolute ownership is thus suspended, and if in them, must be held by them as trustees, for the purposes of the will.

2. As to the devise of $4000 for Francis Youett. The executors are to invest it—in their own names of course—and pay the interest to him for life, with a disposition over. Until his death, [231]*231the executors are to hold the principal in trust for his use, and then to pay it over.

3. The education and support of minor children. This is to be paid for out of the income of his estate, real or personal, until the purpose required is answered, and necessarily involves an ownership in the executors; for it gives them an absolute disposition of the rents, issues and profits, until a certain period, and by virtue of the devise they are entitled to the actual possession and the receipt of such rents and profits. (1 R. S. 727, § 47.)

4. The devise of $10,000 for Cecile Tonnele. The principal is to be invested, the income paid her during life, with a disposition over of" the principal on her death: in one event it may go into the residuum. Here also is a trust, necessarily, with the legal estate, vested in the executors.

5. The devise of the whole personalty. It is to be invested by the executors in their names as such, but for the use and benefit of his children, in the purchase of real estate, or in certain specified securities, for the purposes of the will. Thus the executors become seised of the legal estate in the whole personalty, in trust for the purposes of the will. There is no devise of the income of the personalty, except as before mentioned, for the education and support of minor children, and to pay over the income of part to Mrs. Salles, Mr. Youett and Mrs. Tonnele; but there is a devise to the executors, of something more than a mere power to sue; they are to convert a part from personalty into realty, and finally the whole into personalty, and to make partition, and on such partition to invest each child’s share in their names as trustees, and pay the income during their lives, and the principal as directed, on their deaths. So that the executors become seised of the legal estate, not only from the necessity of the case, ‘ but because they are for a period to receive the rents, issues and profits.

6. The disposition of the personalty. To each of his five daughters, $50,000 at the times specified; such times, in a degree depending on a contingency, and the exercise of a discretion in the executors, and the ultimate payment of the principal [232]*232sum depending upon a contingency, in the failure of which, these sums, or part of them, may go into the residuum. And until all attain the age of twenty-one, the executors must be seised of the legal estate, in trust for the purposes of the will.

7. The disposition of the residuum. As soon as practicable after the youngest child becomes twenty-five, in case of the widow’s death, the executors are to make equal partition. On such partition, a trust is created in the executors; for they are expressly directed to invest each one’s share of the residuum, in their names as trustees for the children respectively, the income to be paid to the children during their lives, with a disposition over on their deaths. So that it seems to me that every step in the execution of the will, from its first being admitted to probate until the death of the testator’s widow and all his children, involves of necessity the existence of a trust in the executors in some form or other, and to some extent.

If there is a trust, the question occurs, is it a valid one? Neither the absolute power of alienation of lands, nor the absolute ownership of personal property, can be suspended by any limitation or condition whatever, for a longer period than during the continuance of two lives in being at the creation of the estate, or which is the same thing in this case, at the death of the testator. (1 R. S. 723, § 15. Id. 773, § 1.) By tracing the various devises of this will, through the several steps which they may' take in their progress to a final and absolute ownership, it will very readily be discovered whether any portion of the estate may be suspended for more than two lives in being at the testator’s death.

1. As to the devise of §25,000 to the widow. In the first instance, the income is given to her during her life, or widowhood, with the power during widowhood, of devising the principal sum to her children or grandchildren. But in case of her death or remarriage, it shall revert to and be a part of his personal estate.

Thus, until this sum shall again flow into the general resere voir of the personal estate, one life estate in it is created. Whether, after it shall have again thus mingled with the resi[233]*233duum, any more than that life estate is created, will be presently examined.

2. As to the devise of $10,000 to Mrs. Tonnelle. This also may, in case she die, surviving her two children, and without a will, flow into and form part of the residuum, but in the mean time, there has been one life estate—hers, namely—carved out of it. Whether any more than that one, will also be presently considered.

3. As to the $250,000 devised to the five daughters. The whole of this may, in case of the death of all the daughters without issue, remain in and form part of the residuum, and so may each separate bequest of $50,000 given to each, but not until each sum of $50,000 shall have been first subjected to at least one, and as we shall by-and-by see, to perhaps more than one life estate.

4. As to the devise of $75,000 to the son. This is given absolutely to the son, and is subject to no devise over in case of his death. No life estate whatever is carved out of it, the absolute ownership being given to him in the first instance.

5. As to the real estate. When the youngest child shall attain the age of 25, it is to be converted into personalty, and flow into the residuum.

6. As to the residuum. Thus all the estate, real and personal, of the testator, except the devises to his son, to Mr. Youett, to his relatives in France, and to the two charitable societies named in the will, must or may flow into and form part of the residuum. Is such residuum so devised that several successive estates for life may be carved out of it 1 It is to be divided into six parts, and each part is to be invested by the executors in their names, as trustees for the several children of the testator; the income and profits of the several parts are to be paid to each child during life, and on the death of any child without issue, its portion is to be equally divided among the testator’s surviving children, and the issue of such as may have died.

It seems to me that it was the intention of the testator to maKe a final disposition on the death of a child without issue j for he directs in the first instance that the allotment shall be for [234]

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Bluebook (online)
7 Barb. 226, Counsel Stack Legal Research, https://law.counselstack.com/opinion/vail-v-vail-nysupct-1849.